GoHealth (NASDAQ:GOCO) Downgraded to “Hold” Rating by Freedom Capital

Freedom Capital lowered shares of GoHealth (NASDAQ:GOCO) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on GOCO. Noble Financial upgraded shares of GoHealth to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GoHealth presently has a consensus rating of “Hold” and an average target price of $5.00.

GoHealth Stock Performance

NASDAQ:GOCO opened at $1.26 on Monday. The company has a 50-day moving average of $1.71 and a 200-day moving average of $2.74. The company has a market capitalization of $36.17 million, a price-to-earnings ratio of -0.07 and a beta of 1.61. GoHealth has a 52 week low of $1.22 and a 52 week high of $11.36.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.69) by $1.66. The business had revenue of $12.64 million during the quarter, compared to analysts’ expectations of $88.62 million. GoHealth had a negative net margin of 26.95% and a positive return on equity of 8.00%. Sell-side analysts forecast that GoHealth will post -5.5 EPS for the current year.

Institutional Investors Weigh In On GoHealth

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in GoHealth in the 4th quarter valued at about $26,000. Benefit Street Partners LLC acquired a new stake in GoHealth in the 4th quarter valued at about $29,000. Charles Schwab Investment Management Inc. increased its position in GoHealth by 119.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock valued at $57,000 after acquiring an additional 14,388 shares in the last quarter. American Century Companies Inc. acquired a new stake in GoHealth in the 2nd quarter valued at about $63,000. Finally, Franklin Resources Inc. acquired a new stake in GoHealth in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 24.21% of the company’s stock.

GoHealth Company Profile

GoHealth, Inc is a technology-driven health insurance marketplace that connects consumers with a wide range of health insurance plans from leading carriers. Through its digital platform, the company facilitates the comparison, selection and enrollment process for individual and family plans, as well as Medicare Advantage and Medicare Supplement products. By leveraging data analytics and customer support services, GoHealth aims to simplify a traditionally complex market and enable more informed decision-making for policyholders.

The company’s online portal integrates real-time quoting tools, educational resources and access to licensed insurance agents, ensuring that users receive personalized guidance throughout the enrollment journey.